New home sales surge nearly threefold in 3Q2025 amid spike in project launches: Savills
In 3Q2025, the number of units launched stood at 4,191 units, more than double the units launched in 2Q2025 (Photo: Savills Singapore)
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New home sales surged by nearly threefold to 3,288 units in 3Q2025, up from the 1,212 units recorded in the previous quarter, according to a November research report from Savills Singapore. On a yearly basis, new home sales increased by 183.4%.
The increase in sales stemmed from a rise in new launches during the quarter, which saw nine new residential projects, according to the report. In 3Q2025, the number of units launched stood at 4,191 units, more than double the 1,520 units launched in 2Q2025.
New home sales were driven by projects in the Outside Central Region (OCR), which accounted for 39.4% of total transactions. This was followed by the Rest of Central Region (RCR) and Core Central Region (CCR) at 33.2% and 27.5%, respectively.
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The top five best-selling projects in 3Q2025 were new launches within the quarter, with Lydenwoods topping the list with 343 units (98%) sold, according to research by Savills. Other projects included Springleaf Residence, River Green, Upperhouse at Orchard Boulevard, and Canberra Crescent Residences.
“The projects that were newly launched in the quarter that made it to the top five were deemed to be well-located and imbued with positive site attributes, making them attractive to the local buyers who have either acquired homes for their own occupation or lease to foreign professionals residing in Singapore,” notes the report.
Meanwhile, secondary sales rose for a second consecutive quarter, up by 5.1% q-o-q to 4,116 units. This marked the highest quarterly increase since 2Q 2024, when secondary sales volume rose by 36.7% q-o-q. The agency attributes this to the low-interest rate environment and elevated HDB resale prices, along with the rising costs of new launches and the generally larger unit sizes of older resale homes, which may have drawn buyers to the secondary market.
The report highlights that non-landed home purchases in 3Q2025 rose for buyers of all residency status. Home purchases by Singaporeans recorded the largest growth at 52.9% q-o-q to 5,661 units in 3Q2025. This is the largest quarterly growth since 3Q2020, when non-landed home purchases by locals spiked 166.9% following the relaxation of circuit breaker measures during the Covid-19 pandemic.
Similarly, non-landed residential purchases by foreigners and PRs rose 70.9% and 13.9% q-o-q to 94 and 924 units, respectively. “The lower interest rate environment, along with the stability of Singapore amid the volatile and uncertain global economy, may have led these two groups of homebuyers to commit to a purchase,” says Savills.
Despite this, the report notes that foreign transaction volume still falls below the figures recorded before the implementation of higher ABSD rates in April 2023.
Looking ahead, Savills expects sales to remain strong through year-end but anticipates a potential slowdown in 2026 amid economic uncertainties stemming from the Liberation Day tariffs and AI-related shifts in the employment market.
“While demand may moderate, however, we believe that the amount of liquidity in the system, coming from savings of the baby boomer generation and profits from stock market gains, would still lift prices by about 3% in 2026,” notes Alan Cheong, executive director of research and consultancy at Savills Singapore. “It is just that the 80% to 100% sell-out rates for new launches may be harder to come by next year.
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